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PRIVATE REAL ESTATE FIRM, COHEN ASSET MANAGEMENT, INC. ANNOUNCES THE DISPOSITION OF A PROMINENT CORNER INFILL RETAIL SITE LOCATED IN WEST HOLLYWOOD, CALIFORNIA  

Los Angeles, California (August 26, 2015)

1125 North Fairfax LLC, an affiliate of Cohen Asset Management, Inc., announced the sale of 1125 North Fairfax Avenue, a prominent corner infill site primed for future development in the West Hollywood area of Los Angeles. The property resides directly across the street from a Whole Foods market and shopping center and is located one block north of Santa Monica Boulevard. The sale price represented an approximate $454 per square foot land value and an approximately 3.35% capitalization rate.

"While originally acquired with the intent for future mix use development, we are excited to have opportunistically closed this sale to a highly motivated exchange buyer. Cohen Asset Management continues to own and operate a significant portfolio of assets in Southern California and is committed to growing our portfolio while continuing to dispose of assets on an opportunistic basis.” stated Brandon Delf, Executive Vice President & Chief Investment Officer.

About Cohen Asset Management™

Cohen Asset Management, Inc. is a private real estate investment firm that is headquartered in Southern California with a regional office in Northern New Jersey. We are in the business of acquiring, owning, developing and managing industrial properties and have an established history as a real estate owner and active operator with our primary focus being the industrial real estate sector.